March 04, 2015 2:02 AM ET

Company Overview of Stellus Capital Investment Corporation

Company Overview

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund seeks to invest in companies with an EBITDA between $5 million and $50 million.

4400 Post Oak Parkway

Suite 2200

Houston, TX 77027

United States

Key Executives for Stellus Capital Investment Corporation

Chairman, Chief Executive Officer, President and Chief Investment Officer
Age: 58
Chief Financial Officer, Chief Compliance Officer, Principal Accounting & Financial Officer, Secretary and Treasurer
Age: 50
Compensation as of Fiscal Year 2014.

Stellus Capital Investment Corporation Key Developments

Stellus Capital Investment Corporation Declares Regular Monthly Dividend for Each of January, February and March with Payment Dates on February 13, 2015, March 13, 2015 and April 15, 2015 Respectively

Stellus Capital Investment Corporation announced that, its board of directors declared a regular monthly dividend for each of January, February and March for an aggregate of $0.34 per share. The company announced monthly dividend at the rate of $0.1133 per share for January, February and March with record dates on February 2, 2015, February 27, 2015 and March 31, 2015, ex-dates on January 29, 2015, February 25, 2015 and March 27, 2015 with payment dates on February 13, 2015, March 13, 2015 and April 15, 2015 respectively.

Stellus Capital Investment Corporation Announces the First Amendment and Extension of Its Revolving Credit Facility

Stellus Capital Investment Corporation entered into a First Amendment to its Senior Secured Revolving Credit between the company, SunTrust Bank, as a lender and the administrative agent, and the lenders named therein. The Amendment, among other things, (i) extends the maturity date of the Credit Facility from November 14, 2016 to October 1, 2018; (ii) extends the revolving period from November 12, 2015 to October 1, 2017; and (iii) reduces the applicable margin rate for LIBOR-based loans from 3.00% per annum to 2.625% per annum and reduces the applicable margin rate for other loans, which are based on a reference rate instead of LIBOR, from 2.00% per annum to 1.625% per annum. The Amendment also reduces the initial aggregate commitments under the Credit Facility to $120,000,000, but includes an accordion feature allowing the Company to increase the aggregate commitments up to $195,000,000, subject to new or existing lenders agreeing to participate in the increase and other customary conditions. There can be no assurances that existing lenders will agree to such an increase, or that additional lenders will join the Credit Facility to increase available borrowings.

Stellus Capital Investment Corporation Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Stellus Capital Investment Corporation reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total investment income was $7,822,497 against $7,917,631 a year ago. Net investment income was $5,250,497 or $0.42 per share against $4,133,995 or $0.34 per share a year ago. For the nine-month period, the company reported total investment income was $23,684,452 against $21,705,298 a year ago. Net investment income was $12,716,403 or $1.04 per share against $11,794,035 or $0.98 per share a year ago. Net cash provided by operating activities was $2,106,217 against net cash used in operating activities of $37,620,457 a year ago.

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